CoinVoice has learned that, according to Cointelegraph, the Nigerian Securities and Exchange Commission has updated its cryptocurrency regulations, increasing requirements for virtual asset service providers (VASP) and social media influencers regarding cryptocurrency-related marketing promotions.

In the revised digital asset rules, the regulator stated that VASPs promoting their cryptocurrency products in collaboration with third-party service providers must "obtain the Commission's approval in advance." The rules also require VASPs to ensure that third-party providers comply with the marketing rules set by the SEC. These rules apply to any VASP providing services to residents of the country and are set to take effect on June 30, 2025. [Original link]